Author: Mengqi | Editor: Mengqi

1. Bitcoin Market

From June 7 to June 13, 2025, the specific trend of Bitcoin is as follows:

June 7: Bitcoin's performance for the day showed a "first decline then rise" pattern. After a slight dip to $104,191 in the morning, it stopped falling and rebounded. The subsequent upward momentum gradually strengthened, peaking at $105,721 in the evening, and fluctuating around $105,600.

June 8: Bitcoin maintained a narrow range of fluctuations overall. The price slightly declined from $105,615, reaching a low of $105,083 in the evening, then found support and slowly rebounded, closing at $106,038, indicating that there was still some buying power near the key support level.

June 9: Continuing the rebound trend from the previous trading day, the price broke through to $106,411 in the morning but faced pressure and retraced, hitting a low of $105,444 during the day. Subsequently, bullish forces quickly surged, with Bitcoin sharply rising from $105,607 to $107,932, refreshing recent highs, and then slightly retracing to $107,126, stabilizing and rising again, showing a significant overall bullish trend.

June 10: Bitcoin continued its strong upward trend, breaking through the important psychological level of $110,000 in the morning, rising to $110,305. After a brief consolidation, it faced retracement pressure, falling to $109,100 and $108,613 successively, with the fluctuation range gradually narrowing.

June 11: After opening with a slight rise, it peaked at $110,250. The price then slightly retraced, with the fluctuation narrowing, and for a period, it gradually fell around $109,500, hitting a low of $109,224. In the evening, there was a slight rebound, briefly touching the high of $110,244 again, but failed to break through effectively, then retraced to around $109,744, starting a correction.

June 12: Bitcoin showed an overall downward trend for the day. The price dipped multiple times during the day, hitting $108,574, $108,278, and $107,594 successively, before further sliding to an intraday low of $106,836. In the closing phase, there was a slight rebound to $107,641, with the downward trend easing slightly but still at a relatively low level.

June 13: After opening, Bitcoin briefly continued the rebound momentum from the previous trading day, rising to $108,420. However, there was significant selling pressure afterward, causing the price to quickly fall back to around $106,000, and briefly fluctuating within that range. Market sentiment weakened further, with the price dropping sharply again, reaching $103,412 at the time of writing, showing a significant short-term decline, with bearish sentiment dominating.

Summary

This week, Bitcoin's overall trend exhibited a "first rise then fall" pattern. From June 7 to 10, driven by bulls, the price continued to rise from around $104,000, breaking through the $110,000 mark at its peak, with market sentiment leaning optimistic. From the evening of June 10 to June 11, the market fluctuated at high levels, with prices oscillating between $108,500 and $110,300, and upward momentum gradually weakening. From June 12 to 13, Bitcoin experienced a significant correction, with prices continuously falling and breaking through multiple support levels, leading to a shift in market sentiment from strong to weak, with bears starting to dominate.

Overall, this week, Bitcoin's market exhibited a typical structure of rapid correction after hitting a high, and investors should be cautious of potential technical corrections and mid-term trend reversal signals in the short term. It is recommended that investors closely monitor key support zones and changes in trading volume to assess whether the correction is forming a temporary bottom.

Bitcoin Price Trend (2025/06/07-2025/06/13)

2. Market Dynamics and Macroeconomic Background

Capital Flow

1. U.S. Spot Bitcoin ETF Holdings Exceed 1.1 Million BTC

As of June 9, according to Dune data, the on-chain total holdings of U.S. spot Bitcoin ETFs have exceeded 1.1 million BTC, currently reaching approximately 1.184 million BTC, accounting for 5.96% of the total Bitcoin supply. The corresponding on-chain holding market value is about $125.8 billion, indicating that institutional investors remain optimistic about Bitcoin's long-term value.

2. Exchange Bitcoin Balances Drop to Historic Lows

According to Coinglass data on June 9, major cryptocurrency exchanges saw a total outflow of 65,393.48 BTC over the past week, including:

Binance: Outflow of 8,765.65 BTC; Coinbase Pro: Outflow of 9,324.93 BTC; Bitfinex: Outflow of 25,711.35 BTC.

As of June 9, the total Bitcoin balance on cryptocurrency exchanges has dropped to 2,092,731.59 BTC, setting a new historical low. This trend is generally viewed as a medium to long-term bullish signal, as investors move assets off exchanges, possibly intending to hold long-term or manage off-chain.

3. On-chain Capital Dynamics: High-Leverage Bulls Concentrate

1. New Wallet Heavy Entry:
   On June 9, a newly created wallet deposited 5.5 million USDC into Hyperliquid, opening a 20x leveraged BTC long position, with the current position value exceeding $53.65 million, reflecting strong bullish sentiment towards the short-term market.

2. Anonymous Whales Continue to Accumulate:
   On June 10, a mysterious whale continued to increase its 20x leveraged long position, reaching 2,817.58 BTC, with a total position value exceeding $300 million, currently showing a floating profit of about $4.6 million.

3. Suspected AguilaTrades Heavy Leverage:
   On June 11, on-chain analysis indicated that this large position might be held by AguilaTrades, which has now expanded to 3,956.32 BTC, with a total market value exceeding $432 million, showing a floating profit of over $2.7 million.

These data indicate that during market fluctuations, some funds choose high leverage to seek upward space, enhancing market volatility.

4. Spot Bitcoin ETF

Daily ETF capital inflow/outflow details for this week:

June 9: +$386.2 million net inflow
June 10: +$431.2 million net inflow
June 11: +$164.6 million net inflow
June 12: -$202 million net outflow

Overall, this week, Bitcoin ETFs maintained a net inflow trend, with large capital inflows recorded in the first three trading days, indicating that institutional investors' willingness to allocate to Bitcoin remains strong. However, the $202 million net outflow on June 12 may reflect the market's sensitivity to short-term price fluctuations. Notably, despite the single-day outflow, the cumulative net inflow for the week still exceeded $780 million, continuing the trend of capital recovery since May. This capital movement has supported Bitcoin's price in maintaining high-level fluctuations and highlights the guiding role of ETF products in the spot market.

ETF Inflow/Outflow Data Image

Technical Indicator Analysis

1. Relative Strength Index (RSI 14)

According to Investing.com data, Bitcoin's (BTC) 14-day Relative Strength Index (RSI) is 21.246, clearly in the oversold range (generally below 30 is considered oversold).

The current RSI level indicates strong selling pressure in the market in the short term, with investor sentiment tending towards caution or panic. Historically, an RSI drop below 25 typically signifies that selling is nearing extremes, providing some technical rebound potential. However, considering the current macro environment and market sentiment, it is recommended to combine with other indicators to improve judgment accuracy.

2. Moving Average (MA) Analysis

5-day Moving Average (MA5): $107,419.08

20-day Moving Average (MA20): $106,737.49

50-day Moving Average (MA50): $98,158.72

100-day Moving Average (MA100): $94,355.35

200-day Moving Average (MA200): $88,503.84

Current Market Price: $103,922.85

MA5, MA20, MA50, MA100, MA200 Data Image

The current BTC market price has fallen below the short-term moving averages (MA5 and MA20), indicating weakened short-term momentum and some price retracement pressure. However, from a medium to long-term perspective, the price remains above MA50, MA100, and MA200, showing that Bitcoin's overall bullish structure has not been damaged, currently reflecting more of a healthy technical correction.

It is particularly noteworthy that MA5 and MA20 are showing signs of a death cross, suggesting that the short-term trend may continue to face pressure; while MA50 and MA200 still maintain a bullish arrangement, the long-term upward trend remains intact.

Subsequently, it is recommended to monitor whether BTC can effectively stabilize above MA50 (approximately $98,158), as this level may constitute a strong support area; if it breaks below, the risk of a mid-term trend weakening should be guarded against.

3. Moving Average Convergence Divergence (MACD) Analysis

According to Investing.com data, the current MACD is negative (−1068.9), indicating that the short-term moving average (12-day EMA) is below the long-term moving average (26-day EMA), showing that recent market momentum has weakened. Combined with the "Sell" signal, this represents a typical technical bearish signal.

If the histogram continues to expand in the negative range, it may indicate that the bearish trend is strengthening; however, if the histogram narrows or begins to rebound, close attention should be paid to whether there are signs of bottom stabilization.

4. Key Support and Resistance Levels

Support Level: Bitcoin's current short-term key support level is at $103,000. In the trading on June 13, Bitcoin's price showed a significant correction and stabilized near this level, indicating that bulls have a certain willingness to support in this area.

Resistance Level: The short-term core resistance is concentrated around $110,300. From June 10 to 12, Bitcoin attempted to break through this price level for three consecutive trading days but failed to do so effectively, subsequently retracing, indicating strong selling pressure in this area, which may be a concentration point for previous bulls to take profits, constituting an important technical resistance for the current upward phase.

Overall, if Bitcoin can maintain above $103,000, it still has the momentum to test the resistance area at $110,300. Conversely, if it breaks below this support level, further retracement to the 20-day moving average or the psychological level of $100,000 may not be ruled out, and market volume changes and news catalysts should be closely monitored.

Market Sentiment Analysis

1. Sentiment Overview

This week, the overall sentiment in the cryptocurrency market showed a trend of rising first and then falling. From June 9 to 10, Bitcoin rose continuously, strongly breaking through the key psychological level of $110,000, significantly boosting market confidence. During this period, investors' risk appetite rebounded, reflected in increased holding willingness and trading activity, with overall sentiment trending towards optimism. However, as Bitcoin's price experienced continuous corrections from June 12 to 13, market enthusiasm noticeably cooled, and sentiment indicators weakened, with investors becoming more cautious.

2. Key Sentiment Indicators (Fear and Greed Index)

The Fear & Greed Index serves as an important reference tool for measuring investor sentiment in the cryptocurrency market, effectively reflecting the phase changes in market risk appetite. As of June 13, the index reported 54, falling within the "Neutral" range. This indicates that current market sentiment is relatively balanced, with investors adopting a cautious wait-and-see attitude towards future trends.

Looking back at this week (June 7 to June 12), the daily values of the index were: 52, 55, 55, 64, 65, 61. Overall, the index maintained in the 52-55 range in the early part of the week, reflecting a moderately bullish market sentiment. With Bitcoin's strong breakthrough of key resistance on June 9 and 10, the sentiment indicators quickly rose to 64-65, indicating that the market entered a state of "obvious greed" in the short term, with risk appetite increasing. However, starting from June 11, along with price adjustments, sentiment heat receded, and the index fell to 54, reflecting a trend towards rationality in market sentiment, with short-term funds possibly entering a wait-and-see phase.

Fear and Greed Index Data Image

Macroeconomic Background

1. U.S. Employment and Inflation Data: Hopes for Soft Landing Strengthen, Risk Assets Rebound

The U.S. non-farm payroll data released on June 6 showed strong performance, with an increase of 139,000 jobs, exceeding market expectations, indicating that the labor market remains resilient; the unemployment rate remained at 4.2%, with no significant deterioration. The CPI data for May released on June 11 showed a month-on-month increase of only 0.1%, with the year-on-year growth rate slowing to 2.4%, lower than the previous value and slightly better than expected, reinforcing market expectations for interest rate cuts within the year.

This combination of data has been interpreted by the market as an increased possibility of a "soft landing," pushing Bitcoin to briefly break through $110,000, maintaining an overall bullish sentiment. A Bitget report noted that under the backdrop of slowing inflation and a rebound in risk assets, Bitcoin's price rose by over 5% in mid-June.

2. Federal Reserve Policy Outlook: Dot Plot May Guide Market Expectations

The Federal Reserve will hold an FOMC meeting on June 17-18, with the market generally expecting no immediate interest rate cuts this time, but the focus has shifted to the upcoming dot plot and Powell's remarks, which may influence the interest rate cut pace and the dollar's movement in the second half of the year, thereby indirectly affecting cryptocurrency prices.

3. Global Policy Benefits: Institutional Support Accelerates Release

• U.S. Congressional Legislative Progress Accelerates: The CLARITY Act and GENIUS Stablecoin Act are two key bills currently advancing, which, if formally legislated, will bring regulatory clarity and a long-term development foundation for the digital asset market.

• The UK May Open Crypto ETPs to Retail Investors: The FCA is considering lifting the ban on retail investors, signaling a more regulatory-friendly environment in Europe.

• ProCapBTC Institutional Entry Plan: Well-known crypto investor Anthony Pompliano plans to raise $750 million through a SPAC to hold Bitcoin long-term, marking a more mature approach of traditional capital entering the BTC market, also seen as resonating with potential policy directions under Trump.

4. Leverage Liquidation and Short-term Capital Outflow: Phase Correction Inducement

Between June 12 and 13, Bitcoin's price fell by over 4%, triggering forced liquidations of multiple high-leverage accounts, resulting in a chain reaction of selling pressure. At the same time, some short-term profit-taking funds also exited at high levels, leading to a temporary decrease in market liquidity and concentrated selling, becoming an important inducement for short-term technical adjustments.

5. Asset Resonance Against the Background of Dollar Depreciation: Bitcoin, Gold, and U.S. Stocks Rise Together

This week, the dollar weakened, coupled with stabilizing inflation data and rising expectations for interest rate cuts, leading to a rare synchronized rise in U.S. stocks, gold, and Bitcoin, indicating that the market is evolving from a pure risk asset logic to a "diversified hedging + value storage" allocation structure, providing further upward support for Bitcoin.

6. Geopolitical Fluctuations and Risk Aversion Sentiment

On June 13, Israel's airstrikes on Iran triggered a sharp deterioration in the Middle East situation. Market risk aversion sentiment heightened, with traditional safe-haven assets like gold rising in the short term, while Bitcoin faced downward pressure as it was viewed as a high-volatility risk asset, falling by about 4-5% to around $103,000.

3. Hash Rate Changes

From June 7 to June 13, 2025, Bitcoin network hash rate showed fluctuations, with specific situations as follows:

On June 7, Bitcoin's overall network computing power (hash rate) fluctuated significantly, falling from 853.07 EH/s to a low of 795.10 EH/s during the day, then quickly rebounding to a high of 982.36 EH/s. It then experienced another pullback, dropping to 888.57 EH/s, and slightly rebounding to 929.83 EH/s by the end of the day, showing a characteristic of large fluctuations, possibly influenced by short-term miner block efficiency fluctuations and network difficulty adjustments. On June 8, the hash rate showed a "first rise then fall" trend, climbing to 1013.21 EH/s in the morning, then briefly retracing before continuing to rise, peaking at 1100.69 EH/s, setting a new recent high. However, it then showed a significant drop, ultimately closing at 907.07 EH/s, indicating a temporary decline in miner participation at high levels, possibly related to equipment adjustments in some mining farms or regional power fluctuations. On June 9, the hash rate fluctuated around 900 EH/s. It first rose to 934.71 EH/s, then fell to 866.07 EH/s, rebounding to 945.33 EH/s during the day, but again dipped in the closing phase, closing at 853.25 EH/s. Overall, it exhibited increased volatility, reflecting the dynamic game between network block efficiency and miner access stability. On June 10, the hash rate steadily rose, climbing from 842.97 EH/s, breaking through 935.89 EH/s and 1005.98 EH/s, ultimately reaching 1075.83 EH/s in the evening. On June 11, the hash rate showed a clear trend of high-level fluctuations and retracement. It oscillated around the high of 1050 EH/s, peaking at 1080.27 EH/s, indicating that miner computing power remained relatively active. Subsequently, the hash rate continued to decline, ending the day at 907.88 EH/s. On June 12, the hash rate further dipped to an intraday low of 885.52 EH/s, then rebounded to 972.56 EH/s, fluctuating around 950 EH/s, showing some willingness to recover and volatility, with the hash rate at the end of the day being 933.76 EH/s. On June 13, the hash rate continued to weaken, dropping to around 880 EH/s at the time of writing.

Overall, from June 7 to 13, 2025, Bitcoin's hash rate exhibited wide fluctuations. It briefly broke through 1100 EH/s, setting a phase high, reflecting that miners were actively joining the network against the backdrop of price recovery and improved mining revenue. However, since June 11, the hash rate has gradually declined, significantly influenced by the rapid drop in price from June 12 to 13. This volatility reflects that the network is in a phase of computing power reconstruction, driven by multiple factors such as miner block efficiency, block reward expectations, and regional electricity prices. If the price continues to decline, the hash rate may face further pressure; conversely, if the market recovers, computing power is expected to rebound quickly.

Bitcoin Network Hash Rate Data

4. Mining Revenue

According to YCharts data, the daily total revenue of Bitcoin miners (including block rewards and transaction fees) for this week is as follows: June 7: $47.4 million; June 8: $50.91 million; June 9: $47.3 million; June 10: $58.4 million; June 11: $48.72 million. Overall, the average daily total revenue for miners this week roughly maintained between $47 million and $58 million, showing a certain degree of fluctuation. June 10 was the peak, possibly related to the temporary increase in network transaction activity and demand for block space on that day. Additionally, the proportion of fees during this period was relatively moderate, reflecting that current on-chain activity, while not completely sluggish, has not yet recovered to the peak levels seen during a bull market.

Over the past week, the unit hash rate revenue (Hashprice) of the Bitcoin network has shown a trend of rising and then falling. As of June 13, Bitcoin's unit hash rate revenue (Hashprice) was reported at $52.14/PH/s/day, slightly down from the beginning of the week. June 7 marked the low point of the week, recording $52.17/PH/s/day; subsequently, buoyed by the price rebound and a brief increase in on-chain transaction activity, Hashprice rose to the week's high of $55.16/PH/s/day on June 10, indicating a phase improvement in miner revenue. However, as market conditions weakened, Hashprice fell back from its high, dropping to $51.75/PH/s/day by the weekend.

From a cyclical perspective, the current Hashprice remains at a relatively low level on a monthly basis, indicating that the revenue generated per unit of computing power has not significantly improved compared to the past month. However, viewed from a quarterly perspective, it remains in a higher range, meaning that miners with scale and low-cost advantages can still maintain considerable profit margins under the current Bitcoin price and network competitive pressure. However, if the price continues to face pressure or trading activity remains weak, Hashprice may face further downward pressure.

The ongoing low activity of on-chain transactions is compressing miners' fee income space. Data shows that as of June 9, the seven-day average number of transactions on the Bitcoin network dropped to 317,000, setting a new low since October 2023. Due to insufficient transaction volume, some miners have begun to accept low-fee transactions below 1 sat/vB, even processing non-standard transactions through channels like Slipstream operated by MARA. However, this move has also sparked controversy, with 31 Bitcoin core developers jointly voicing concerns, emphasizing that such practices could undermine the Bitcoin network's censorship resistance and decentralization principles.

Hashprice Data

5. Energy Costs and Mining Efficiency

According to CloverPool data, as of June 13, the Bitcoin network's total computing power was 932.81 EH/s, and the current network mining difficulty was 126.98 T, with the next difficulty adjustment expected to occur on June 14, with an anticipated decrease of 0.31%, bringing the difficulty down to 126.58 T. This slight difficulty reduction typically reflects the exit of some computing power, possibly related to rising energy costs, high-temperature weather affecting mining operations, or the declining profitability of some older mining machines. From a trend perspective, although Bitcoin prices remain high, the fluctuations in computing power indicate that miners are still seeking a balance between costs and revenues.

From the perspective of mining costs, according to the latest model calculations from MacroMicro, as of June 11, the unit production cost of Bitcoin was approximately $92,565.05, while the spot price during the same period was $108,686.63, resulting in a mining cost-to-price ratio of 0.85, still within a typical profitable range (less than 1 indicates mining profitability). This indicator is one of the important parameters for measuring mining economics; below 1 typically represents that most miners still have profit space, while when this ratio approaches or exceeds 1, some high-cost mining farms will face pressure to shut down or relocate, subsequently affecting overall network computing power and difficulty changes.

In summary, at the current stage, Bitcoin mining remains profitable but is beginning to face the risk of narrowing marginal profits. Although the overall network difficulty has slightly decreased in the short term, considering that electricity prices are rising in some regions globally (for example, some power markets in North America are entering the summer peak period), and the energy efficiency iteration brought about by the upgrading of mining machines, the survival pressure for small and medium-sized mining farms is expected to gradually increase. As Bitcoin prices continue to maintain above $100,000, the industry is entering a new phase of "high price, high cost," and miners' sensitivity to operational strategies, equipment investment return periods (ROI), and electricity contracts will significantly increase.

Bitcoin Mining Difficulty Data

6. Policy and Regulatory News

U.S. Congressman Proposes HR 3798 Bill to Promote Establishment of National Strategic Bitcoin Reserve

On June 8, U.S. Republican Congressman Tim Burchett proposed HR 3798, aimed at establishing a national strategic Bitcoin reserve and writing it into federal law.

UK Insolvency Service Appoints First Crypto Assets Commissioner to Recover Bitcoin and Other Digital Assets

On June 10, it was reported that the UK Insolvency Service appointed former detective Andrew Small as the first dedicated crypto intelligence expert, aiming to enhance the tracking and recovery capabilities of Bitcoin and other digital assets in bankruptcy and criminal cases. The number of bankruptcy cases involving crypto assets has increased by 420% over the past five years, with the total value of involved assets soaring from approximately £1.4 billion in the 2019/20 fiscal year to over £520 million in the 2024/25 fiscal year. The new position will assist the Insolvency Service in more efficiently recovering crypto assets held by debtors, thereby recovering more losses for creditors and the UK economy.

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Brazilian Parliament Considers Establishing Bitcoin Strategic Reserve, Proposing to Invest 5% of International Reserves

On June 12, it was reported that the Brazilian Chamber of Deputies is reviewing Bill No. 4501 of 2024, which proposes the establishment of a sovereign strategic Bitcoin reserve (RESBit), planning to allocate up to 5% of international reserves for purchasing Bitcoin. The bill aims to diversify treasury assets, hedge against exchange rate fluctuations and geopolitical risks, promote blockchain technology development, and support Brazil's digital currency (Drex). The reserve will be jointly managed by the Brazilian Central Bank and the Ministry of Finance, using secure technologies such as cold wallets and establishing strict transparency mechanisms. Rapporteur Luiz Gastão has voted in favor of the bill, emphasizing a cautious and gradual implementation strategy to balance potential benefits and risks.

Trump: Will Create Clear Regulatory Framework to Lead the Future of Bitcoin and Crypto in the U.S.

On June 12, it was reported that Trump stated at the Coinbase "State of Crypto" summit that the U.S. will commit to creating a clear and simple market framework to enable the U.S. to dominate the future of cryptocurrencies and Bitcoin.

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7. Mining News

Report: Malaysia's Cryptocurrency Mining Market to Grow to $5.13 Billion by 2025

On June 9, it was reported that the Malaysian Blockchain Association released an industry report indicating that rampant electricity theft by illegal miners, inconsistent policies, and a lack of legal clarity hinder the potential economic potential of cryptocurrency mining in Malaysia.

The report predicts that driven by its strategic location, evolving tech ecosystem, and expertise in Sharia-compliant finance, Malaysia's cryptocurrency mining market will grow by 110.2% by 2025, from $2.44 billion to $5.13 billion. However, the report notes that Malaysia must address some internal factors to sustain growth.

The Malaysian multinational power company Tenaga Nasional Berhad (TNB) lost 441.6 million Malaysian Ringgit (approximately $104.2 million) due to electricity theft between 2020 and September 2024, with the company attributing the losses primarily to illegal Bitcoin mining. Previously, the company's losses from 2018 to 2021 reached as high as 2.3 billion Ringgit (approximately $542 million).

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OCEAN Mining Pool Vice President to Liquidate Bitcoin Holdings and Exit Industry Due to OP_RETURN Changes

On June 11, Jason Hughes, Vice President of the OCEAN mining pool, announced he would sell all his Bitcoin and exit the industry in protest of the recent OP_RETURN change decision.

Hughes expressed extreme disappointment with the decision made by Bitcoin core developers, stating, "52 days ago, Bitcoin core developers at least pretended to have principles," and mentioned that he has "exhausted himself in this struggle." Hughes warned, "The qualities that make Bitcoin unique no longer exist."

Previously, it was reported that Bitcoin core developers plan to implement OPRETURN changes in October, which will no longer filter OPRETURN outputs containing large amounts of non-financial data. This change will increase the default data carrier limit from the current 80 bytes to nearly 4MB.

Hacker Group Librarian Ghouls Attacks Russian Devices for Cryptocurrency Mining

On June 11, it was reported that the hacker group Librarian Ghouls (also known as Rare Werewolf) has hacked hundreds of Russian devices and used them for cryptocurrency mining. The group spreads malware through phishing emails disguised as legitimate organizations, establishing remote connections and disabling security systems like Windows Defender after infecting devices. Hackers collect information about the devices' RAM, CPU cores, and GPU to optimize the configuration of cryptocurrency mining programs.

This hacking incident began in December 2023, primarily affecting industrial enterprises and engineering schools in Russia, with victims also in Belarus and Kazakhstan. Kaspersky speculates that Librarian Ghouls may be hacker activists, as they rely on legitimate third-party tools rather than developing their own malicious programs, which is a common technique used by similar organizations.

8. Bitcoin News

Global Corporate and National Bitcoin Holdings (Weekly Statistics)

1. El Salvador: On June 9, mempool data showed that El Salvador currently holds 6,202.18 BTC, approximately $659 million.

2. Australia Monochrome: According to official disclosures, Australia's Monochrome spot Bitcoin ETF (IBTC) disclosed that as of June 6, its holdings had reached 675 BTC, with a holding market value of approximately 107 million AUD.

3. Strategy (formerly MicroStrategy): Between June 2 and 8, Strategy purchased 1,045 BTC for $110.2 million, achieving a year-to-date return of 17.1%. As of June 10, 2025, its holdings reached 582,000 BTC, with a holding market value exceeding $64 billion and a return of 56.85%, having sold no MSTR shares, raising $112.2 million to continue purchasing BTC.

4. Bitmine Immersion Technologies: This U.S. software company made its first purchase of 100 BTC, initiating a Bitcoin reserve strategy.

5. KULR Technology: On June 9, it was reported that KULR recently increased its holdings by 118.6 BTC, bringing its total holdings to 920 BTC, with a total investment of approximately $91 million, at an average price of $98,760 per BTC.

6. Belgravia Hartford Capital: On June 9, it made its first purchase of 4.86 BTC, investing approximately $500,000, initiating a Bitcoin reserve strategy.

7. GameStop: GameStop purchased 4,710 BTC between May 3 and June 10.

8. Quantum BioPharma: The company's total holdings of Bitcoin and other crypto assets increased to $5 million, up $500,000 since May.

9. The Blockchain Group: Approved to launch a €11 billion financing plan to expand its strategic Bitcoin reserves, currently holding 1,471 BTC and establishing a €300 million financing mechanism with TOBAM.

10. H100 Group: On June 11, it was reported that H100 Group announced the completion of $10.5 million (approximately 101 million Swedish Krona) in financing, which will be used to expand its Bitcoin reserve strategy.

11. Evertz Pharma GmbH: On June 12, it was reported that the German natural cosmetics company Evertz Pharma increased its holdings by 100 BTC in May, investing approximately €10 million (about $10.8 million). Management stated that Bitcoin will serve as a strategic asset for the company, and they will continue to evaluate the possibility of increasing reserves in the future.

12. Monochrome: On June 12, it was reported that Monochrome's spot Bitcoin ETF (IBTC) increased its holdings to 712 BTC as of June 11, with a market value of approximately 120 million AUD.

13. ANAP: On June 12, it was reported that the Japanese fashion brand ANAP increased its holdings by 27.5031 BTC, bringing its total holdings to 153.4627 BTC.

14. DDC Enterprise: On June 12, it was reported that the cross-border e-commerce company DDC Enterprise added 38 BTC, bringing its total holdings to 138 BTC. Since May, the investment return has reached 22%, and the company stated it will continue to execute a long-term accumulation strategy.

15. Gumi: On June 13, it was reported that the Japanese gaming company Gumi purchased Bitcoin worth 1 billion yen (approximately $6.96 million), officially starting its Bitcoin asset allocation.

16. Remixpoint: On June 13, it was reported that the Japanese listed company Remixpoint increased its holdings by 55.68 BTC, bringing its total holdings to 981.39 BTC.

CryptoQuant: Bitcoin's "Realized Market Cap" Sets New Record at $934.88 Billion, Strengthening Long-term Market Confidence

On June 8, it was reported that CryptoQuant analyst Oro stated that Bitcoin's "realized market cap" continues to set records, reaching a new historical high of $934.88 billion today, undoubtedly strengthening long-term market confidence.

The key indicator "realized market cap" operates on the logic that when BTC is transferred into a wallet, it is considered a "buy," and when transferred out, it is considered a "sell." By calculating the average cost basis of each wallet × holding amount, the total "realized market cap" of the entire network can be derived, reflecting the total capital that has entered the Bitcoin market through real on-chain activity.

Coinbase CEO: Bitcoin is a Better Form of Currency than Gold

On June 9, it was reported that Coinbase CEO Brian Armstrong stated that Bitcoin is a better form of currency than gold.

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Analyst: Surge in U.S. Investor Buying, Bitcoin May Enter Healthy Upward Cycle

On June 10, it was reported that Cryptoquant analyst Crypto Dan stated, "There has been a surge in buying from U.S. investors, and the current trend of BTC shows no signs of overheating, which is a common pattern in the upward cycle after a correction, indicating that the market may continue to remain optimistic."

ARK Report: Bitcoin's Rise is Not a Speculative Frenzy, Funds Shift from Housing and Auto Markets to BTC

On June 11, it was reported that ARK Invest, led by Cathie Wood, stated in its latest report that Bitcoin rose by 11.1% in May, reaching a new high of $112,000, while the U.S. housing and auto markets showed clear signs of fatigue. Housing supply exceeds demand, and auto sales plummeted from over 17 million in April to 15.6 million in May. ARK stated that Bitcoin's rise has not been accompanied by speculative frenzy, with ETF capital inflows reaching $5.5 billion, three times that of gold ETFs during the same period, indicating that investors may view Bitcoin as a safe-haven asset rather than a speculative tool, rationally reallocating assets under economic pressure.

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CNBC: Charts Indicate Bitcoin May Rise Above $130,000 Historical High

On June 11, it was reported that CNBC stated that charts indicate Bitcoin may rise above the historical high of $130,000.

121 Public Companies Worldwide Hold Bitcoin on Their Balance Sheets

On June 12, it was reported that André Dragosch, PhD, Head of European Research at Bitwise, stated on social media that according to BitcoinTreasuries.NET data, 121 public companies worldwide hold Bitcoin on their balance sheets. In the U.S. alone, the Wilshire 5000 index includes 5,000 public companies. This indicates that corporate participation in Bitcoin competition is still in the very early stages.

Coinbase CEO: Bitcoin May Become the World Reserve Currency

On June 13, it was reported that Coinbase CEO Brian Armstrong stated that Bitcoin may become the world reserve currency.

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Galaxy Digital CEO: Bitcoin Will Replace Gold

On June 13, it was reported that the CEO of Galaxy Digital stated that Bitcoin will replace gold, with a price target of $1 million.